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Weekend Unlimited shareholders approve move to British Columbia; possible name change

At a meeting earlier this week, shareholders rejected a proposed share consolidation

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"As our most recent shareholder letter explained, we are well positioned and excited for the opportunity to grow substantially in 2020," CEO Chris Backus said

Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF) announced the results of its December 31 shareholder meeting on Friday, which included votes on changing the company name, relocating and a 20:1 share consolidation. 

Voters approved moving the cannabis corporation from Alberta to British Columbia and approved a name change if desired by the company, but ultimately rejected the proposal for a share consolidation. 

"As our most recent shareholder letter explained, we are well positioned and excited for the opportunity to grow substantially in 2020 and we want to thank the Company's shareholders for their engagement,” CEO Chris Backus said in a statement.

READ: Weekend Unlimited CEO paints a vision of the future in year-end shareholder letter

“The company is committed to fully realize the potential of the strong asset base in place, including the pursuit of key partnerships and funding avenues that will allow the company to advance on its US growth and the Northern Lights Organics Hemp asset in Canada,” Backus said.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Weekend Unlimited Industries Inc.

Price: 0.15 CAD

CSE:POT
Market: CSE
Market Cap: $6.62 m
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